A report from the Australian Institute of Energy and Resource Economics found that Australia’s carbon intensity and carbon price were both increasing.
The study found that emissions were increasing faster than the economic benefits of coal mining.
The report is part of the Climate and Climate Change Institute’s (CCCI) Carbon Accounting.
The CCCI report said that the increase in emissions was primarily due to more efficient technology, increased efficiency of mining, the introduction of “smart” technologies to monitor emissions and more efficient mining techniques.
It also said that emissions from coal-fired power plants were up, with emissions of the most important greenhouse gas being methane, up 8 per cent from 2016 to 2025.
“The most significant emission driver for Australia’s CO2 emissions is coal-based electricity generation, with a cumulative CO2 contribution of 8 per of GDP,” the CCCIs report said.
“That is a substantial contribution to our total emissions, even when accounting for emissions from other sources, such as waste and mining.”
The CCCCI said Australia’s economy had “a much longer-term and longer-lasting” role to play in reducing emissions and that its emissions reduction policies should “be directed to the economy as a whole rather than the individual parts”.
The CCTI report also said it was important to emphasise that the CCCCIs report did not take into account “the impacts of other technologies on carbon emissions”.
The report found that coal-mining companies were responsible for approximately 15 per cent of the countrys CO2 intensity and CO2 price.
The government said in its announcement on Wednesday that it was now taking the “first step” towards a climate-neutral energy system by requiring energy users to buy a price on carbon from the energy market, as well as implementing the Carbon Tax.
“This will make a difference to businesses and consumers who pay high prices for energy and will drive down costs for consumers and businesses,” the government said.
“The carbon price, which will take effect in July 2019, will ensure that households pay more for their electricity and help support our efforts to reduce greenhouse gas emissions.”